Cyprus business & economy daily wrap-up

The Central Bank of Cyprus (CBC) has reported a rise in interest rates on consumer loans, which increased to 6.67 per cent in July, up from 6.18 per cent in the previous month.

This was part of the CBC’s latest release of statistics concerning the interest rates of monetary financial institutions (MFIs) in Cyprus.

In addition, the volume of new consumer loans also saw a significant increase, reaching €28.0 million in July, compared to €21.7 million in June.

The interest...